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20130113
20130121
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MSNBC
Jan 15, 2013 3:00pm PST
and deficits. less than two hours, the house will vote on a sandy relief bill that could deliver $51 billion in aid. but earlier today house republicans tried and failed to pass an amendment to the sandy relief bill that would give the money only if it were offset with spending cuts. they were saying no relief aid unless programs are cut back. 157 republicans voted for these offsets. they supported the amendment which would have killed the $50 million sandy relief package. how on earth did we get here? this is money sitting in washington to help our fellow americans get their lives back together. how can we explain the efforts to not help people? joining me now, congressman mick melvani. congressman, first of all, thanks for being here again. >> it's always a pleasure. thanks very much for having me. >> now, how can you talk about spending when americans are so desperate for help, congressman? >> well, it's pretty simple. because in your introduction you said the money was just sitting here in washington. and it's not. it's actually sitting in china. and we're going to have to go and borrow
CNN
Jan 15, 2013 6:00am PST
, and a deficit of $1.4 trillion to $1.6 trillion per year. we're spending $1.6 million per year than we're bringing in. >> you've accused the president of using scare tactics. what do you mean by that? do you think he's lying about what could happen? >> the thing is, you know what, first of all it's not congress that determines if we default. it's the treasury so i guess that would be secretary timothy geithner if he's still there. it would be the treasury that would decide but we have enough money to pay the interest on our debt, i believe it's $2.5 trillion comes into the treasury every year. that's enough money to pay the interest on the debt. we're not going to cut off payments to seniors on their social security and medicare, and then the military -- >> you saw what happened the last time when we argued about the debt ceiling. our credit rating was downgraded. that is partisan gridlock. >> that is a massive amount of debt. >> it was because of partisan gridlock. >> i disagree. >> and congress not being able to get its act together. we've seen what can happen. >> congress needs to g
FOX Business
Jan 18, 2013 1:00pm EST
remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he hates the debt limit. you remember the former treasury secretary, the guy who said i need $700 billion right now? no wonder he hates it. ashley: don't we all. tracy: he has given a rare interview. we have details on that next. ashley: first a look at today's winners and losers. the dow just above the water mark. take a look. we'll be right back. ♪ chances are you've become, a better driver over the years. and one company thinks your auto insurance rates should get better too. presenting the aarp auto insurance program from the hartford. i'm a good driver. have been for years. it just makes sense that better, more experi
Search Results 0 to 2 of about 3